Egypt to require wheat suppliers to register in new exchange
Egypt’s state grains buyer will require wheat suppliers to register with the country’s commodities exchange before November, according to a document seen by Reuters.
The General Authority for supply Commodities (GASC) added in a letter sent to traders that it will not buy from unregistered suppliers from the start of November.
Traders contacted by Reuters did not immediately understand what the circular meant and whether global suppliers or their local agents would be required to register.
Egypt’s supply ministry and GASC were not immediately available for comment.
Egypt’s new commodities exchange was set to start full operations in 2022.
Read also
Indonesian corn processors call for higher import quotas
Algeria to become self-sufficient in durum wheat, saving $1.5 bln in imports
US soybean exporters shift to alternative markets as China demand weakens
Wheat exports expected to face the biggest impact from Black Sea port shutdown — o...
Wheat, corn and soybeans post gains on CBOT as geopolitics and crop conditions rem...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon